I’m a big fan of patterns. They help in understanding the movements of individual stocks. They help in understanding the movements of global events, both economic and political. And the reason they help is that all these things are determined primarily by human behavior, which is governed by fear and greed and the range of emotions in between. So here’s what I’ve found interesting in recent weeks. First, Greece nearly went bankrupt. The immediate reason was too much debt. The core reason is that expenses had grown faster than tax receipts for too long, as a result of too...
